Posts Tagged ‘Garmin’

The Garmin Forerunner 645 Music is a GPS running watch with integrated music and features Garmin Pay contactless payment solution. RRP: S$669 (without integrated music: S$599). IT Show 2018 promotions below.

Garmin Forerunner 645 Music & Forerunner 645 GPS smart watch.

The integrated music gives athletes the freedom to enjoy their favorite tunes on a run or during a workout without having to take a phone along.

Pricing and Availability

The Forerunner 645 Music is available with a black or cerise band and has a suggested retail price of S$669.

An option without integrated music capabilities – the Forerunner 645 – is available with a black or sandstone band with a suggested retail price of S$599.

The Forerunner 645 Music and Forerunner 645 will be available from 31 March 2018 at Advance Lap, Best Denki, Challenger, Courts, Gain City, Harvey Norman, Isetan Scotts, Tangs @ Tang Plaza, Takashimaya and all Garmin authorised retailers.

Europe’s largest maker of portable navigation devices reported a surprise second-quarter loss after writing down the value of assets to reflect a declining market for those devices.

The company reported a net loss of 489 million euros compared with a profit of 34 million euros a year earlier. The average forecast of nine analysts surveyed by Bloomberg was net income of 10.7 million euros.

The company took an impairment charge of 512 million euros in the quarter “reflecting the reduced outlook” for the personal navigation device market. Of the charge, 473 million euros related to goodwill. Sales decreased 13 percent to 314 million euros.

Earlier on June 27, TomTom had reduced its full-year profit and sales forecasts, saying U.S. demand for its devices had declined faster than anticipated and that consumers were opting for cheaper navigation systems.

After the statement, TomTom’s stock plunged 27 percent the day after. Its shares have declined 54 percent this year, reducing the market value of the Amsterdam-based company value to 812 million euros. Its U.S. rival Garmin has gained 5.6 percent this year.

Maaike Noordhuis of Bloomberg reports that TomTom, which competes with Garmin and Google, aims to get more revenue from maps, services and built-in systems in cars amid a slowdown in sales of portable navigation devices.